The Tendency to Apply One's Own Cultural Values in Judging

question 40

Multiple Choice

The tendency to apply one's own cultural values in judging the behavior and beliefs of people raised in other cultures is known as __________.

• A)cultural relativism
• B)cultural universalism
• C)ethnocentrism
• D)egocentrism
• E)cultural anthropology

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Definitions:

Adjusting Entry

A journal entry made in accounting records to correct or allocate revenues and expenses to the appropriate period.

Wages Expense

This is the total amount of wages a company pays to its employees, which is considered an expense on the income statement.

Accrued Wages

Refers to wages earned by employees but not yet paid by the employer.

Reversing Entry

An accounting entry that is made at the beginning of an accounting period to reverse or cancel out adjusting entries made at the end of the previous period.